American Petroleum Institute

Oil shows resilience as dollar weakness continues Natural gas rebounds after larger-than-expected storage dropOil futures prove resilient Thursday, with the U.S. benchmark reversing earlier weakness to end higher as the U.S. dollar continued to weaken.

Oil rebounds to end sharply higher after smaller-than-expected inventory rise Saudi energy minister says OPEC to stick with production cutsOil bounces back from early losses after a smaller-than-expected rise in crude inventories but struggles to hold on to gain.

API data reportedly show a rise in U.S. crude suppliesThe American Petroleum Institute reported Tuesday that U.S. crude supplies rose 3.947 million barrels for the week ended Feb. 9, according to sources. The API data also showed an increase of 4.634 million barrels in gasoline stockpiles while inventories of distillates rose 1.1 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. March crude fell to $58.87 in electronic trading from settlement of $59.19 on the New York Mercantile Exchange.

Oil ends mixed after IEA forecasts on global demand and non-OPEC output Conditions reminiscent of ‘first-wave U.S. shale growth’: analystOil prices turn a bit higher on Tuesday as a report from the International Energy Agency forecast strong global crude demand this year, but raises concerns about growth in production from non-OPEC countries.

U.S. oil ends slightly lower as market weighs forecast for increased demand against shale output Oil prices turned finished lower Tuesday in up-and-down trade, as investors digested a report from the International Energy Agency forecasting strong global crude demand amid rising production from non-OPEC countries. March West Texas Intermediate crude oil finished off 10 cents, or 0.2%, at $59.19 a barrel. The IEA said an inundation of the market from outside of the Organization of the Petroleum Exporting Countries, mostly driven by shale-oil producers in the U.S., might resemble a period back in 2014, when ballooning production capsized crude prices. The report also was upbeat on demand. Looking ahead, investors are awaiting the weekly U.S. petroleum supply and production report from the American Petroleum Institute later Tuesday and a similar report from the EIA due Wednesday.

Oil prices drop as U.S. crude stockpiles climb, weekly output hits a record EIA says weekly U.S. oil output topped 10 million barrels/dayOil futures drop Wednesday as a second weekly rise in U.S. crude stockpiles and record domestic production halt earlier price gains.

EIA reports a second-straight weekly rise in U.S. crude supplies Oil prices turned lower Wednesday after the U.S. that domestic crude supplies rose 1.9 million barrels for the week ended Feb. 2. Analysts surveyed by S&P Global Platts had forecast a climb of 2.8 million barrels, but the American Petroleum Institute on Tuesday reported a decline of 1.1 million barrels, according to sources. Gasoline stockpiles climbed by 3.4 million barrels for the week, while distillate stockpiles also rose 3.9 million barrels, according to the EIA. The S&P Global Platts survey forecast a supply rise of 200,000 barrels for gasoline and a fall of 800,000 barrels for distillates. March crude fell 25 cents, or 0.4%, to $63.14 a barrel on the New York Mercantile Exchange, down from $63.67 .

API data reportedly show an unexpected weekly decline in U.S. crude suppliesThe American Petroleum Institute reported Tuesday that U.S. crude supplies fell by 1.1 million barrels for the week ended Feb. 2, according to sources. The API data also showed a decline of 227,000 barrels in gasoline stockpiles, while inventories of distillates saw a surprise climb of 4.6 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a climb of 2.8 million barrels for crude inventories. They also forecast a rise of 200,000 barrels for gasoline, but a decline of 800,000 barrels for distillate supplies. March crude was at $63.80 a barrel in electronic trading, up on the New York Mercantile Exchange.

EIA reports the first weekly rise in U.S. crude supplies of the yearLosses for oil prices intensified Wednesday after the that domestic crude supplies rose 6.8 million barrels for the week ended Jan. 26. That was the first weekly rise reported by the government agency in 11 weeks. Analysts surveyed by S&P Global Platts had forecast a climb of 325,000 barrels, while Price Futures Group expected a rise of 2 million barrels. The American Petroleum Institute on Tuesday reported an increase of 3.2 million barrels. Gasoline stockpiles, however, fell by 2 million barrels for the week, while distillate stockpiles declined by 1.9 million barrels, according to the EIA. The S&P Global Platts survey forecast a supply rise of 1.1 million barrels for gasoline and a fall of 1.5 million barrels for distillates. March crude fell 56 cents, or 0.9%, to $63.94 a barrel on the New York Mercantile Exchange, down from $64.26 .

API data apparently show an increase in crude supplies The American Petroleum Institute reported Tuesday that U.S. crude supplies rose by 3.23 million barrels for the week ended Jan. 26, according to sources. Gasoline stockpiles also rose 2.69 million barrels, while inventories of distillates dropped by 4.1 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. March crude traded at $64.09 a barrel in electronic trading versus the settlement price of $64.50 on the New York Mercantile Exchange.

Oil prices climb as EIA reports a 10th straight decline in U.S. crude suppliesOil prices rose Wednesday after the U.S. that domestic crude supplies fell 1.1 million barrels for the week ended Jan. 19. Analysts surveyed by S&P Global Platts had forecast a decrease of 1.6 million barrels, while the American Petroleum Institute on Tuesday reported a rise of 4.8 million barrels. Gasoline stockpiles, however, climbed by 3.1 million barrels for the week, while distillate stockpiles rose 600,000 barrels, according to the EIA. The S&P Global Platts survey forecast a supply rise of 2.1 million barrels for gasoline and a fall of 2.5 million barrels for distillates. March crude added 27 cents, or 0.4%, to $64.74 a barrel on the New York Mercantile Exchange, up from $64.51 .

API data reportedly show an unexpected rise in U.S. crude suppliesThe American Petroleum Institute reported Tuesday that U.S. crude supplies rose by 4.8 million barrels for the week ended Jan. 19, according to sources. The API data also showed a climb of 4.1 million barrels in gasoline stockpiles, while inventories of distillates fell by 1.3 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a decline of 1.6 million barrels for crude inventories. They also forecast a rise of 2.1 million barrels for gasoline, but a decline of 2.5 million barrels for distillate supplies. March crude was at $64.48 a barrel in electronic trading, little changed on the New York Mercantile Exchange, which was the highest since December 2014.

U.S. oil prices at 3-year highs on bets for a further drop in domestic supplies Natural-gas futures jump nearly 7% to highest finish in over a yearOil prices climb Tuesday, with the U.S. benchmark at its highest finish in more than three years, as traders bet that a weekly U.S. government report will reveal a tenth-straight weekly decline in domestic crude stockpiles.

Oil prices end flat with U.S. crude supplies down 9 weeks, but output near a record Nigerian output at risk as militants endanger offshore facilitiesOil prices settle little changed Thursday, down a few cents as weekly U.S. crude production remains close to a record, offsetting support from a ninth week in a row of declines in domestic supplies.

Oil prices pare losses as EIA reports a 6.9 million-barrel drop in U.S. crude suppliesOil prices pared their earlier declines Thursday after the that domestic crude supplies dropped 6.9 million barrels for the week ended Jan. 12. Analysts surveyed by S&P Global Platts had forecast a fall of 425,000 barrels, while the American Petroleum Institute on Wednesday reported a drop of 5.1 million barrels. Gasoline stockpiles climbed by 3.6 million barrels for the week, while distillate stockpiles declined by 3.9 million barrels, according to the EIA. The S&P Global Platts survey forecast a supply rise of 2.7 million barrels for gasoline and a fall of 850,000 barrels for distillates. February crude was down 27 cents, or 0.4%, to $63.70 a barrel on the New York Mercantile Exchange, but that was up from $63.52 .

API data reportedly show U.S. crude supplies down more than 5 million barrelsThe American Petroleum Institute reported Wednesday that U.S. crude supplies dropped by 5.1 million barrels for the week ended Jan. 12, according to sources. However, the API data, which was released a day later than usual because of the Martin Luther King Jr. holiday, showed a rise of 1.8 million barrels in gasoline stockpiles, while inventories of distillates rose by 609,000 barrels, sources said. Supply data from the Energy Information Administration will be released Thursday morning. Analysts polled by S&P Global Platts expect the EIA to report a decline of 425,000 barrels for crude inventories. They also forecast a rise of 2.7 million barrels for gasoline and a decline of 850,000 barrels for distillate supplies. February crude was at $64.07 a barrel in electronic trading, up on the New York Mercantile Exchange.

Oil prices end higher on bets for ninth straight weekly drop for U.S. crude supplies U.S. EIA data, OPEC report due out ThursdayOil futures settle higher Wednesday, buoyed by expectations for a ninth straight weekly drop in U.S. crude supplies and risks to production in Nigeria.

Oil retreats from 3-year high as traders await supply data Brent suffers biggest session drop of year to dateOil prices finish lower Tuesday, pulling back from three-year highs as traders await data due later this week on U.S. crude supplies and production.

EIA reports a fall in U.S. crude supply, along with gains in gasoline, distillate stocksOil prices after the U.S. that domestic crude supplies fell by 4.9 million barrels for the week ended Jan. 5. That was more than the 3.5 million-barrel decline forecast by analysts surveyed by S&P Global Platts. The American Petroleum Institute on Tuesday, however, had reported a decline of 11.2 million barrels, according to sources. Gasoline stockpiles rose 4.1 million barrels for the week, while distillate stockpiles added 4.3 million barrels, according to the EIA. The S&P Global Platts survey forecast a supply rise of 2.3 million barrels for gasoline and an increase of 2.1 million barrels for distillates. February crude rose 21 cents, or 0.3%, to $63.17 a barrel on the New York Mercantile Exchange, down from $63.35 before the supply data.

API data reportedly show U.S. crude supplies down more than 11 million barrelsThe American Petroleum Institute reported Tuesday that U.S. crude supplies dropped by 11.2 million barrels for the week ended Jan. 5, according to sources. The API data showed a rise of 4.3 million barrels in gasoline stockpiles, while inventories of distillates climbed by 4.7 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a decline of 3.5 million barrels for crude inventories. They also forecast a rise of 2.3 million barrels for gasoline and an increase of 2.1 million barrels for distillate supplies. February crude was at $63.26 a barrel in electronic trading, up of $62.96 on the New York Mercantile Exchange.

U.S. oil prices finish near $63, highest since late 2014 EIA expected to report eighth straight weekly fall in U.S. crude supplies WednesdayOil rallies as expectations for further declines in U.S. crude inventories help send prices to another three-year high.

Oil marks 3-year high on U.S. supply drop, Iran conflict Natural-gas prices sink as U.S. supplies fall less than expectedOil futures climb on Thursday as a hefty weekly drop in U.S. crude supplies and ongoing protests in Iran lift prices to levels not seen in three years.

EIA reports bigger-than-expected drop in U.S. crude supply, but gasoline, distillate stocks jumpData from the U.S. that domestic crude supplies fell by 7.4 million barrels for the week ended Dec. 29. That was larger than the forecast for a decline of 5.7 million barrels from analysts surveyed by S&P Global Platts. The American Petroleum Institute on Wednesday had reported a drop of 5 million barrels, according to sources. The EIA report, which was released a day late due to the New Year's Day holiday, also said gasoline stockpiles climbed by 4.8 million barrels for the week, while distillate stockpiles jumped up by 8.9 million barrels. The S&P Global Platts survey forecast a supply rise of 2 million barrels for gasoline and an increase of 1.3 million barrels for distillates. February crude was up 14 cents, or 0.2%, to $61.77 a barrel on the New York Mercantile Exchange, little changed from .

API data reportedly show a weekly drop in U.S. crude suppliesThe American Petroleum Institute reported Wednesday that U.S. crude supplies fell by 5 million barrels for the week ended Dec. 29, according to sources. The API data showed a rise of 1.9 million barrels in gasoline stockpiles, while inventories of distillates climbed by 4.3 million barrels, sources said. Supply data from the Energy Information Administration will be released Thursday morning, a day late due to the New Year's Day holiday. Analysts polled by S&P Global Platts expect the EIA to report a decline of 5.7 million barrels for crude inventories. They also forecast a rise of 2 million barrels for gasoline and an increase of 1.3 million barrels for distillate supplies. February crude was at $61.79 a barrel in electronic trading, up , a roughly three-year high, on the New York Mercantile Exchange.

Oil rallies to 3-year high as Iranian unrest persists Protests in Iran raise risk of oil output disruptionsOil prices rally Wednesday to their highest finish in about three years on the back of ongoing antigovernment protests in Iran.

Oil prices close 2017 at 2½-year high above $60 Natural-gas futures fall 21% in 2017, but 11% weekly surge helps cap uglier fallCrude-oil futures end Friday trade on a decidedly upbeat note, settling above $60 for the first time in more than two years to close out 2017 trade.

Oil settles on upbeat note as investors take heart in shrinking inventoriesCrude-oil prices on Thursday finished with modest gains in an up-and-down session. February West Texas Intermediate crude-oil futures finished up 20 cents, or 0.3%, at $59.84, recovering from an earlier slide, as market participants grew optimistic about inventory reports that point to a steady decline in U.S. crude stocks, which suggests that efforts to erase a global glut of oil may be taking hold headed into 2018. The U.S. Energy Information Administration reported that domestic-crude supplies fell by 4.6 million barrels for the week ended Dec. 22, compared with a 6 million barrel drawdown reported by the American Petroleum Institute late Wednesday. Markets had been anticipating a decline in crude oil of about 3.7 million barrels. Investors have traded somewhat skittishly with just one final session of trade left in 2017 and markets set to be closed for New Years on Monday.

EIA reports a fall in U.S. crude supply, but a rise in gasoline stocksData from the U.S. Energy Information Administration Thursday showed that domestic crude supply fell 4.6 million barrels for the week ended Dec. 22, failing to match a 6 million barrel drawdown reported by the American Petroleum Institute late Wednesday. A survey by the Wall Street Journal showed expectations for a decline of 3.7 million barrels for the week. EIA showed that gasoline stocks increased by about 590.000 barrels on the week, while distillate products rose by 1.1 million barrels. Supplies at a key energy hub at Cushing, Okla., fell by 1.6 million barrels. February crude held on to slight declines, off 8 cents, or 0.1% at $59.55 a barrel.

API report reveals bigger-than-expected drop in crude-oil inventoriesThe American Petroleum Institute on Wednesday showed that U.S. crude supplies declined by 6 million barrels for the week ended Dec. 22, according to sources, compared with expectations for a drawdown of 3.75 million barrels. However, the API data also showed a gain of 3.1 million barrels in gasoline stockpiles, while inventories of distillates rose by 2.8 million barrels, sources said. Supplies at the crude hub in Cushing, Okla., were down 1.3 million barrels, versus forecasts for a decline of 590,000. Supply data from the more closely followed Energy Information Administration will be released Thursday. Both inventory reports are delayed by a day because of the Christmas holiday. February crude was down 0.7% at $59.58 a barrel in electronic trading, off from the settlement of $59.64 on the New York Mercantile Exchange.

Oil ends slightly lower, retreats from 2½-year peak January heating oil notches 52-week high as cold snap across the U.S. prompts buying Oil prices settled lower Wednesday, easing back from more-than-two-year highs after a pipeline explosion in Libya helped to deliver a jolt to crude futures.

Crude-oil futures settle slightly lower, but within reach of $60/bbl.Oil prices retreated Wednesday, finishing the session lower, a day after touching levels not seen in more than 2 years. West Texas Intermediate crude oil for February delivery closed off 33 cents, or 0.6%, at $59.64 a barrel. On Tuesday, the benchmark finished at its highest level since June of 2015 on concerns over supply disruptions in the Middle East. Market participants attributed Wednesday's slide, in low-volume trade, on some investors cashing out of futures contracts after the previous day's rise to multiyear highs. Also, reports indicated that a Tuesday pipeline blast in Libya could be repaired as soon as next week. Looking ahead, investors will be waiting for inventory data from the American Petroleum Institute due later Wednesday.

Oil prices modestly higher as market waits for inventory dataOil prices rose modestly on Tuesday as the market remained broadly rangebound ahead of U.S. inventory data and the expiration of the January West Texas Intermediate contract.

EIA reports a bigger-than-expected weekly fall in U.S. crude supply; gasoline stocks climbData from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies fell by 5.1 million barrels for the week ended Dec. 8. That was bigger than the forecast for a decline of 4 million barrels from analysts surveyed by S&P Global Platts. The had reported a drop of 7.4 million barrels, according to sources. Gasoline stockpiles, however, rose 5.7 million barrels for the week, while distillate stockpiles declined by 1.4 million barrels, according to the EIA. The S&P Global Platts survey forecast a supply rise of 1.6 million barrels for gasoline and an increase of 500,000 barrels for distillates. January crude rose 12 cents, or 0.2%, from Tuesday to $57.26 a barrel on the New York Mercantile Exchange, little changed . January gasoline fell by 1.1 cents, or 0.7%, to $1.687 a gallon.

API data reportedly show a hefty drop in U.S. crude suppliesThe American Petroleum Institute reported Tuesday that U.S. crude supplies dropped by 7.4 million barrels for the week ended Dec. 8, according to sources. The API data showed a rise of 2.3 million barrels in gasoline stockpiles, while inventories of distillates rose 1.5 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a decline of 4 million barrels for crude inventories. They also forecast a rise of 1.6 million barrels for gasoline and an increase of 500,000 barrels for distillate supplies. January crude was at $57.50 a barrel in electronic trading, up of $57.14 on the New York Mercantile Exchange.

Brent oil retreats after notching 2½-year high on North Sea pipeline outage WTI crude ends lower ahead of Wednesday’s EIA supply updateBrent oil prices retreat Tuesday after rallying to a 2½ year high following news that a major North Sea pipeline would be shut down for weeks after a hairline fracture discovered last week grew.

EIA reports a fall in U.S. crude supply, but gasoline stocks rise more than expectedData from the U.S. that domestic crude supplies fell 5.6 million barrels for the week ended Dec. 1. That was bigger than the forecast for a decline of 4.1 million barrels from analysts surveyed by S&P Global Platts. The American Petroleum Institute on Tuesday had reported a drop of 5.5 million barrels, according to sources. Gasoline stockpiles jumped by 6.8 million barrels for the week, while distillate stockpiles added 1.7 million barrels, according to the EIA. The S&P Global Platts survey forecast a supply rise of 2.7 million barrels for gasoline and an increase of 1.5 million barrels for distillates. January crude fell 75 cents, or 1.3%, from Tuesday to $56.87 a barrel on the New York Mercantile Exchange, from $56.83 . January gasoline lost 2.9 cents, or 1.7%, to $1.689 a gallon.

Oil notches a gain but U.S. shale threat limits upside EIA data on U.S. petroleum supplies due out WednesdayOil prices notch a slight gain Tuesday, holding to tight trading range, as OPEC’s agreement to extend production cuts through next year was supportive, but raised expectations for growth in U.S. shale output.

API data reportedly show drop in U.S. crude supplies, rise in gasoline stockpilesThe American Petroleum Institute reported Tuesday that U.S. crude supplies dropped by 5.5 million barrels for the week ended Dec. 1, according to sources. The API data showed a jump of 9.2 million barrels in gasoline stockpiles, while inventories of distillates rose about 4.3 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a decline of 4.1 million barrels for crude inventories. They also forecast a rise of 2.7 million barrels for gasoline and an increase 1.5 million barrels for distillate supplies. January crude was at $57.44 a barrel in electronic trading, down of $57.62 on the New York Mercantile Exchange.

EIA reports a fall in U.S. crude supply, but gasoline stocks rise more than expectedData from the U.S. that domestic crude supplies fell by 3.4 million barrels for the week ended Nov. 24. That was a bit higher than the forecast for a decline of 3 million barrels from analysts surveyed by S&P Global Platts. The y had reported an increase of 1.8 million barrels, according to sources. Gasoline stockpiles were up 3.6 million barrels for the week, while distillate stockpiles added 2.7 million barrels, according to the EIA. The S&P Global Platts survey forecast a supply rise of 1.1 million barrels for gasoline and an increase of 160,000 barrels for distillates. January crude fell 20 cents, or 0.3%, from Tuesday to $57.79 a barrel on the New York Mercantile Exchange, little changed from $57.77 .

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